Baidu is a leading Chinese technology company specializing in internet-related services and artificial intelligence. The company's primary offering is its search engine, which serves as a gateway for users to access a wide range of information online. In addition to search, Baidu is heavily involved in the development of AI technologies, powering various applications such as cloud services, autonomous driving, and smart home devices. The company also invests in digital marketing solutions, providing businesses with tools to reach their customers effectively through targeted advertising. With a commitment to innovation, Baidu plays a significant role in shaping the digital landscape in China and beyond. Read More
'The Big Short' famed investor Michael Burry, who accurately predicted the 2008 housing market crash, has turned bearish on most equities while doubling his stake in cosmetics giant Estée Lauder Companies Inc. during the first quarter, according to 13F regulatory filings with the Securities and Exchange Commission on Thursday.
In a major move towards international expansion, Baidu Inc. (NASDAQ: BIDU) is reportedly preparing to test its autonomous ride-hailing service in Europe.
The one-time $60 million equity award in nonqualified stock options will vest after three years, and no additional annual equity awards will be granted during the first three years of Steve Hemsley’s employment.
Baidu plans to test its Apollo Go robotaxi service in Switzerland, expanding internationally amid fierce competition, even as strict European regulations pose delays.
